Articles by CMA Gul S

Deposit Insurance

CMA Gul S 11 September 2007 at 17:45

The deposit insurance system in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (DICGC) is the body that operates the deposit insurance system. Q1 Which banks are insu

Credit Counselling : An Indian Perspective

CMA Gul S 11 September 2007 at 17:45

(Address Delivered by Dr. Y V Reddy, Governor, Reserve Bank of India at the Foundation Day Function of the Bank of India, Mumbai on September 7, 2006) Mr. Chairman, distinguished guests and friends,I am thankful to Mr. Balachandran for providing this

Glimpses of Indian Economy and its Financial Sector

CMA Gul S 11 September 2007 at 14:34

Chairman Sergey M. Ignatiev and distinguished central bankers of the Bank of Russia,I am grateful to Chairman Ignatiev for inviting me to visit your bank and interact with you for mutual benefit. I have the pleasure of meeting my friend Chairman Ign

UCBs (Urban Cooperative Banks) - Branch Licensing Policy Relaxed

CMA Gul S 11 September 2007 at 14:02

RBI/2007-2008/79UBD.CO.LS.CIr.No. 01/07.01.000/2007-08July 4, 2007The Chie Executive Officer of All Primary (Urban) Co-operative BanksDear Sir/Madam,Annual Policy Statement for the Year 2007-08-Relaxation in Branch Licensing Policy for Urban Cooperat

Guidelines on Fair Practices Code for Lenders - Furnishing copy of loan agreement

CMA Gul S 11 September 2007 at 13:59

RBI/2007-08/119DBOD.No.Leg.BC. 28 /09.07.005/2007-08August 22, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs)Dear Sir,Guidelines on Fair Practices Code for Lenders - Furnishing copy of loan agreementPlease refe

Monetary Policy Developments in India: An Overview

CMA Gul S 11 September 2007 at 13:54

Friends,I am honored by the kind invitation of Governor Stefan Ingves to visit Riksbank and give an address at the central bank. It is a great privilege to address an august gathering in the oldest central bank in the world, Riksbank. I came in clos

RETURNING NRIs - FEMA PROVISIONS

CMA Gul S 11 September 2007 at 13:51

''Return 2 India'' is much cherished dream but the fears re: ''can or cannot continue'' or say ''to or not to disclose overseas assets'' are most dreaded ones. Fortunately NRIs returning home for settlement can happily "keep the cake and eat it too

NRIs CORNER - TAX FREE INCOME

CMA Gul S 11 September 2007 at 13:49

Income-Tax exemptions are a bonanza offered to NRIs but caution is required while enjoying these tax exemptions and one needs to " read between the lines " as the same are based on the residential status of an NRI under FERA1973 (FEMA1999) and the

REPATRIATION / REMITTANCE PACKAGES REPATRIATION / REMITTANCE PACKAGES

CMA Gul S 11 September 2007 at 13:47

For ages Non-Resident Ordinary accounts were balances in banks to be retained and utilized in India which earned nominal interest which was subject to much forgotten tax deduction at source at flat rate of 30%.Those days are gone and now Reserve Bank

Know tax breaks well before you home in on loan

CMA Gul S 11 September 2007 at 13:12

Against the backdrop of rising property prices & interest rates, borrowers need to be aware of the tax breaks offered by home loans. Tax breaks can be availed on both components of the loan installment - principal and interest. Tax benefits, in r